Barclays PLC Has $1.23 Million Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Barclays PLC grew its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 209.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,350 shares of the company's stock after purchasing an additional 28,658 shares during the period. Barclays PLC's holdings in Kodiak Gas Services were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. HWG Holdings LP bought a new stake in Kodiak Gas Services in the second quarter valued at $40,000. nVerses Capital LLC increased its position in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth about $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kodiak Gas Services by 115.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock valued at $155,000 after purchasing an additional 3,045 shares during the last quarter. Finally, Wellington Shields & Co. LLC boosted its position in Kodiak Gas Services by 16.7% in the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company's stock valued at $191,000 after buying an additional 1,000 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on KGS. Barclays increased their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They issued a "buy" rating and a $35.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Truist Financial boosted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.09.

Kodiak Gas Services Trading Up 1.2 %

Shares of KGS traded up $0.47 during trading hours on Monday, reaching $40.92. The stock had a trading volume of 861,408 shares, compared to its average volume of 578,014. The company has a market cap of $3.58 billion, a P/E ratio of 141.11 and a beta of 1.14. Kodiak Gas Services, Inc. has a 52 week low of $20.01 and a 52 week high of $44.20. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average of $37.69 and a 200 day moving average of $31.41.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services's dividend payout ratio is currently 565.52%.

About Kodiak Gas Services

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.